812.981.3479

Services

Commercial Property Management

REAS offers a complete solution that streamlines the property and financial management aspects of commercial real estate management. By combining property management and accounting with ownership, financials, budgets, forecasts, construction you now have a holistic view of your portfolio. Our solution is the perfect management tool for office, retail and industrial real estate. Our automated processes with real-time dashboards, workflows, critical date notifications and analytics gives you more efficient execution of property operation strategies. We help you drive improved analysis and decision-making all while delivering maximum transparency across your business. Automated Lease Administration Our lease administration system forms the backbone of the commercial billing process, which accommodates indexation, complex recoveries, retail overages, multi-currency leases and more. The automated leasing workflow allows lease administrators to set up terms of complicated industrial, office and retail leases and amendments, while reviewers can compare the abstract to the actual legal documentation before activation. All lease modifications such as expansion, contraction, relocation, holdover, and renewals are stored with the lease details for easy drilldown and historical reference. Leases can be organized by customer, making the billing and analysis of multiple leases for national tenants simple. Streamlined Recoveries REAS fully automates the recovery process. You can configure the varying numerators and denominators, base years, caps, gross-ups, and management fees for the terms defined in the lease. And because the calculations differ for each tenant, we eliminate the daunting job of reconciling all variables and compile an accurate accounting of what your tenants owe. The billing results are invoiced to your tenant in an easy-to-understand format to help reduce tenant billing disputes and increase your cash flow. Critical Dates, Tasks & Notifications Critical dates, task, and notifications are an integral part of our lease management system. Dates and task are integrated into the user’s dashboard, so that important deadlines are never missed. You can automate tasks or email notifications based on dates you define, including: • Lease expirations • Option notices • Tenant insurance expiration In addition, you can use tasks and email notifications to perform valuable internal audit functions. They deliver daily, weekly, or monthly notifications, such as: • Outstanding AR older than 30, 60 or 90 days • Financial periods not closed • Batches left un-posted • Whether your NOI is within acceptable standards Correspondence Management Our Correspondence Management redefines how you process documents. You can create customized invoices, statements, collection letters, prospect letters of intent, as well as owner and investor reporting packages. Templates merge with lease data, reports and graphs, and these documents can be automatically emailed, printed or saved as PDFs. Advanced Retail REAS makes it simple to track sales and charge percentage rents. The tenant retail parameters allow you to easily define sales types and reporting and billing frequencies and breakpoints, including an automatic calculation of natural breakpoints. The overage function automatically calculates and creates your percentage rate charges. Retail analytics provide up-to-the-minute reporting on sales, including MTD, YTD, Moving Annual Total (MAT) comparisons and tenant occupancy costs. Key Features: • Controlled administration of leases and amendments including lease option management with encumbrance tracking • Integrated accounting and property management function • Role-based dashboards and critical date notifications • Simplified setup of complex expense recoveries • Complete retail percentage rent calculations • Easy straight-line rent adjustments for FAS 13 and IAS 17 • Real-time analytics, dashboards, and business intelligence • Support multiple currencies, languages, GAAP, and local taxation requirements Key Benefits: • Browser-independent platform with full mobile access • Enhance workforce efficiency while eliminating error-prone processes • Reduce general and administrative costs • Flexibility to scale for growth • Improve strategic decision-making with enhanced business intelligence • Increase competitiveness with superior tenant services • Deliver unrivaled transparency across your operation • Hassle-free application, database, and network management with secure Software as a Service (SaaS) options

Residential Property Management

The only mobile property and financial management system with real-time analytics on a single platform. REAS offers you a property management platform unrivaled in residential real estate with built-in accounting, real-time performance analytics and complete mobility.

The REAS solutions utilizes an end-to-end platform that combines financial and property management information in a single, centralized database — with mobile access to execute leasing, provide resident services, view dashboards, and complete tasks from smartphones and tablets.

 

Smart Navigation Tools

The REAS solution’s smart navigation tools include a menu search box to find functions and a site search box to find account information quickly and easily. Make a favorites list of the screens you use most or use the history function to see where you’ve been. If you’re a keyboard power user, you can set up hotkeys for your favorite screens.

 

Flexible Workflows

Enjoy your greater workflow flexibility. You can easily set up workflow approvals for things like work orders, new vendor purchase orders, new leases, move-outs, check writing, and more.

 

Multiple Devices, Multiple Browsers

You can work on a laptop, Surface™, iPad®, or smartphone. And because it’s browser independent, you can choose the browser that works best for you.

 

Key Features

• Compatible with all web browsers and mobile devices

• Streamlined leasing workflow

• Configurable role-based dashboards

• Integrated general ledger, and automated move-in, move-out accounting

• Integrated maintenance and work order tracking

• Analytic reporting with drilldown, and custom report writing

• Smart data entry and quick access to regularly visited screens and history

• Correspondence management for resident communications

• Property brochures, automated hot sheets and quote sheets

• Service contract feature lets you process purchase orders, change orders, and payables for contracts

 

Key Benefits

• Browser independent, with Software as a Service (SaaS) deployment

• Single platform and database with full drilldown for true visibility

• Automated workflows modeled on industry-standard best practices

• Mobile access to execute leasing and provide resident services from smartphones and tablets

 

812.981.3479

 

301 East Elm Street

New Albany, IN 47150

info@REASaccounting.com